Southeast Asian based RFOX Games (a subsidiary of RedFOX Labs $RFOX) has released its free-to-play game KOGs SLAM! in closed beta. The Bitcoin News finds out more about the KOGs SLAM! digital gaming experience and the collaboration with YGG (Yield Guild Games).
Q. Please introduce yourself and what you do at RFOX Games.
I’m Fadzly Yusof, General Manager of RFOX Games, a subsidiary of Redfox Labs, a crypto and blockchain venture builder based in South East Asia.
Q. Can you tell us more about RFOX Games?
RFOX Games wasset up with the purpose of bringing people into the blockchain era through games. Our team is made up of gaming veterans and artists who want to make digital inclusion into the blockchain space easy, relevant and fun.
Q. You recently released your free-to-play play-to-earn game KOGs SLAM in closed beta. How is that going for you?
We have on-boarded a few thousand gamers to stress testers our system for bugs and issues related to gameplay. There is also an incentive program that awards players with RFOX for leaderboard rankings and an exclusive NFT slammer to be used in the game if they qualify.
Q. Care to comment on your collaboration with Yield Guild Games on this as well as the ‘inclusion’ aspect?
YGG has been very active in managing their community with play to earn opportunities in gaming to help them monetise their time and effort, with Kogs, we hope to give them another opportunity to earn financial rewards through our NFT and token once we go open beta. A lot of their members who are waiting for scholarships or sponsors can consider our content as a viable option for income. We are facilitating cash out options for them to make the experience less tedious for first time users who are not savvy with crypto yet.
Q. Would you say you are leading in this field in the SEA/APAC markets?
We are a young company hoping to expand the play-to-earn ecosystem in as many countries as possible. We are just starting so we have a lot of opportunities to grow. The space is still mostly untapped and will be a huge benefit to economies that have been affected by COVID.
Q. Thanks for your comprehensive answers! We would love to know what’s next for RFOX Games.
We will be announcing more activities and content for our communities, visit our discord channel at https://discord.io/kogs and our Facebook page at https://fb.com/kogs.gg for the latest news and updates!
About RFOX Games
RFOX Games, launched by RedFOX Labs, Southeast Asia’s first blockchain venture builder. RFOX Games is building a series of interoperable games that are PLAY TO EARN and support the KOGs NFT collection. The entire RFOX ecosystem is supported by its native currency $RFOX and users will be able to compete in head-to-head and tournament-based games to win NFT prizes and $RFOX.
HO CHI MINH CITY, Vietnam — Southeast Asian based RedFOX Labs has launched its first auction of SHOPs for the RFOX VALT metaverse, beginning on September 14, 2021, at 4:00 PM GMT+7, and lasting for 72 hours. The SHOPs being made available for bidding are in the Callinova art-themed quarter of the RFOX VALT metaverse.
Changelly and Changelly PRO are happy to announce that wLITI has joined their family of over 200 cryptocurrencies available for exchange on Changelly. Starting today, users will be able to exchange it for other digital assets at floating rates on their platform. In fact, since Aug. 30, users have already been able to trade wLITI/BTC and wLITI/USDT on Changelly PRO.
Singapore, Sep 10, 2021 — Bitkub Capital Group Holdings, a leading Thai blockchain & cryptocurrency company has officially partnered with Miss Universe Thailand 2021 as the world’s first blockchain & cryptocurrency firm to bring NFT and Digital Asset solutions, as well as other cryptocurrency trends to beauty pageants.
Melbourne, Australia, Sep 8, 2021 — On the heels of the strategic investment received from UAE-based Sheesha Finance last week, the world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce yet another strategic investment — this time…
Manila, Philippines, September 3, 2021 — Southeast Asian based RFOX Games (a subsidiary of RedFOX Labs $RFOX) will release its free-to-play play-to-earn game KOGs SLAM! in closed beta this Friday the 3rd of September and welcome YGG (Yield Guild Games) to the beta release.
RFOX Games’ maiden release KOGs SLAM! is a digital gaming experience inspired by the 90’s schoolyard phenomenon POGs. RFOX Games will introduce a free play-to-earn model to millions of users in the Southeast Asian region.
RFOX Games, a subsidiary of Southeast Asian venture builder RedFOX Labs, has been working on a game that focuses on digital inclusion and allows people hit hardest by economic challenges an opportunity to earn from their mobile phones.
The closed beta trial for play-to-earn will kick off on September 3 and run for a month before its international public release. The beta release will allow for 5,000 participants to compete for the $RFOX token and prizes and is expected to be heavily oversubscribed.
The easy-to-learn game also has a popular NFT collection called KOGs, which is an acronym for Keys to Other Games. KOGs recently launched its limited Bad Days NFT collection featuring Marvel characters created by Stan Lee. The sale ended last August 28 but you can still buy KOGs here.
Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“It is highly likely that this game could reach millions of users across Southeast Asia and beyond when you consider that a free play-to-earn model would be welcomed with open arms by those most impacted by COVID, with many having lost their jobs.”
“We had an ambitious plan and model, and we are finally ready to go to the closed beta for the play-to-earn. We are thrilled to welcome YGG and Real Deal to the trial who can help us gain exposure to a wider audience of play-to-earn gamers. We are thrilled to have organizations of this caliber join the trial.”
Gabby Dizon, Co-founder of Yield Guild Games commented:
“We’re happy to be working with RFOX GAMES to bring YGG members into the KOGS SLAM closed beta. This gives an opportunity for our underserved members to start earning while they move up our scholarship waitlist. Being able to start playing for free and move earnings directly to GCash will massively increase play-to-earn adoption in the Philippines.”
Register here for the closed beta and early releases.
RedFOX Labs will also feature the KOGs collection and games in its upcoming metaverse the RFOX VALT
About RFOX Games
RFOX Games, launched by RedFOX Labs, Southeast Asia’s first blockchain venture builder. RFOX Games is building a series of interoperable games that are PLAY TO EARN and support the KOGs NFT collection. The entire RFOX ecosystem is supported by its native currency $RFOX and users will be able to compete in head-to-head and tournament-based games to win NFT prizes and $RFOX.
About Yield Guild Games
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. The organization’s mission is to create the biggest virtual world economy, optimizing its community-owned assets for maximum utility and sharing its profits with its token holders.
To celebrate the listing of wLITI on Bitcoin.com Exchange, apply to win a piece of a $15,000 prize pool!
The top X Traders with the highest trading volume will be sharing the prize pool. The competition starts on August 31st at 0:01 UTC and runs until September 12th at 23:59 UTC.
You can join by simply going to our competition page, clicking the apply now button, and registering for it. Your trading volume will then automatically be tallied.
GO TO COMPETITION PAGE
Prizes will be awarded in the following manner:
1. $1,950 wLITI
2. $1,000 wLITI
3. $950 wLITI
4. $850 wLITI
5. $750 wLITI
6. $700 wLITI
7. $600 wLITI
8. $550 wLITI
9. $500 wLITI
10. $450 wLITI
11. $400 wLITI
12. $350 wLITI
13. $300 wLITI
14. — 24. $250 wLITI
25. — 30. $200 wLITI
31. — 32. $150 wLITI
33. — 42. $100 wLITI
43. — 50. $50 wLITI
Terms and conditions apply.
About wLITI and LITI Capital
wLITI is the wrapped version of Liti Capitals equity token: LITI. Liti Capital is a Swiss Fintech company that provides an all-in-one platform for litigation finance. Through litigation, finance plaintiffs who lack financial resources to make their claims can gain access to financing. At the same time, the platform enables investors to earn returns independent of the macroeconomic climate.
Terms and conditions apply.
“Trading Volume” is defined as the sum of a trader’s total buys and sells (excluding wash trades) of wLITI/USDT trading pairs on Bitcoin.com Exchange. We calculate Trading Volume in the following way: Trading Volume = Sum (executed buys of wLITI/USDT pair ) + Sum (executed sells of wLITI/USDT pair).
Winning traders will be notified by email and rewards will be deposited to their Bitcoin.com Exchange wLITI wallets within 3 weeks after the end of the promotion period.
The trading competition runs for days from Friday, August 27th at 00:01 UTC until Friday, September 10th, 23:59 UTC.
Participation in the $15,000 wLITI Trading Competition is limited to one trader account per legal or natural person. Persons found to have competed with more than one trader account will be disqualified from the competition.
Please note in the event of disqualification of any participants due to a breach of the terms and conditions of the trading competition, the leaderboard ranking might not be adjusted.
Bitcoin.com Exchange will use the ad hoc average daily closing prices of the wLITI/USDT trading pair during the competition period as the wLITI/USDT exchange rate for wLITI distribution. For an explanation of the calculation of the ad-hoc average daily closing rate, refer to this article.
The $15000 wLITI Trading Competition is hosted by FMFW Ltd (the “Bitcoin.com Exchange”) and the terms and conditions of this competition form part of the User Agreement. The Bitcoin.com Exchange reserves the right to cancel it or amend its terms or conditions unilaterally without prior notification. All existing terms and conditions on the Bitcoin.com Exchange website are applicable to this wLITIst Trading Competition.
By participating you confirm the following: “I accept that performing wash trades and using multiple accounts during one trading competition will lead to my being excluded from the competition. Bitcoin.com Exchanges´s decision is final and binding”.
Melbourne, Australia, Sep 2, 2021 — The world’s first halal decentralized finance (DeFi) ecosystem MRHB DeFi is pleased to announce a strategic partnership with Sheesha Finance, a leading tokenized DeFi mutual fund platform — оnе оf thе hottest рrоjесtѕ in the industry.
A Strategic Alliance, A Shared Vision
The partnership deal with UAE-based Sheesha Finance includes a strategic investment from the DeFi mutual fund to MRHB DeFi for an undisclosed amount. The partnership will also see both parties collaborate alongside mutually beneficial initiatives that align with and promote Islamic Finance business practices. In addition, MRHB DeFi stands to benefit from the premium network and connections of Sheesha Finance.
As an early investor and supporter of MRHB DeFi, Sheesha Finance fully recognizes the vision, ambition and potential of the faith-based DeFi project, as well as its first-mover advantages in the DeFi space.
“As a decentralized fund we’re always on the lookout for like-minded projects and ideas that are looking to advance ethical finance and decentralize finance more. We’re very excited to have partnered with Marhaba, a unique value proposition in DeFi, who are doing that, and a lot more,” says Sheesha Finance CEO, Saeed Al Darmaki.
MRHB DeFi Founder & CEO Naquib Mohammed, echoes the sentiment:
“Sincere thanks to the Sheesha team led by Mr Saeed for this strategic investment and partnership opportunity. We are delighted to have Sheesha Finance as one of our early supporters and partners and are absolutely looking forward to utilizing the team’s crypto and DeFi market expertise and experience.This partnership with Sheesha Finance will open new avenues for growth and expansion for MRHB DeFi across its network.”
Unlocking the Untapped Potential of Ethical and Inclusive DeFi
MRHB DeFi has been developed as an inclusive DeFi ecosystem that allows people of all faiths with an ‘ethics-first’ stance to benefit from the opportunities available in the decentralized digital asset sector.
Complying with the central beliefs governing Islamic finance, MRHB DeFi follows ethical financial and business principles that avoid interest, usury, exploitation and other business practices deemed unethical.
According to the Population Reference Bureau, the total Muslim global population is growing and by 2030, is estimated to increase to 2.2 billion people.
MRHB DeFi is committed to providing exceptional decentralized financial services all within a Shariah-compliant framework, allowing its community to participate in a booming sector while still adhering to the key tenets of their faith.
Strong Backing
Founded by investment and finance expert Saeed Al Darmaki, Sheesha Finance is a decentralized mutual fund that provides investment solutions for crypto portfolio diversification and rewards across the DeFi space, which currently has a total value locked (TVL) of USD 162 billion.
Sheesha Finance has backing across the investment space from Alphabit and Galaxy Digital, led by a team of top cryptocurrency and digital asset experts including David Namdar, a founding partner of Galaxy Digital, and Michael Terpin CEO of Transform Group, among others.
Earlier this year, Sheesha Finance raised USD 9.4 million in investment following a two-week liquidity generation event (LGE).
The Sheesha team has investment partnerships with TeraBlock, Zignaly, Base Protocol, Plasma Finance and Royale Finance, to name a few.
About MRHB DeFi
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.
Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).
The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.
Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.
Sheesha Finance is the leading decentralized DeFi mutual fund allowing for premium cryptocurrency portfolio diversification and rewards. Sheesha Finance rewards investors of any size, from small to large ticket holders, with unlimited DeFi tokens from a diversified portfolio of projects. Sheesha Finance’s easily convertible assets can be freely utilized to maximize rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed decentralised autonomous organization (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.
Manila, Philippines, September 1, 2021 — Southeast Asian based RFOX Media (a subsidiary of RedFOX Labs $RFOX) has combined forces with, Goama, to address their combined audience of more than 20 million Southeast Asian residents and to go after the largely untapped gaming market in Myanmar.
The deal will see prolific tournament game platform Goama, build and provide a casual game for RFOX Media in order to use play-to-win as an acquisition driver to the new
RFOX Media platform.
RFOX Media acquired MYMEDIA Myanmar, one of the larger media players in Southeast Asia earlier this year, instantly giving it access to over 13 million followers across its popular content sites. RFOX Media is now on a trajectory to create a superhighway of media content that can be monetized through advertising as well as through the creation of NFTs.
Goama is a gaming platform that is built for businesses, combining the best of esports and the best of casual games to create a competitive casual gaming environment, where players compete on casual games, ranked on live leaderboards, to win real-world prizes. It has been so popular since its inception and is made available to millions of users in the leading apps across 24 countries and counting.
The two companies combine to launch a game titled ‘RFOX run’ which will offer competitors a chance to win rare and exclusive NFTs based on their tournament performance and leaderboard positions.
Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“We currently have a gaming division called RFOX Games, but to partner with a non-blockchain gaming platform with such a large daily user base is wonderful exposure in a very different sector for us.
“The Myanmar market is still so young, with a lot of potential, and through this collaboration we will launch tournament games alongside Goama who have over 80K people competing in each gaming tournament”.
“We have been planning this for a long time and to finally bring it all together is a wonderful achievement for us and for RFOX Media. We will soon look to partner with Goama across the Philippines and other SEA countries as we follow our aggressive acquisition and growth campaigns across the region”
Wayne Kennedy, CPO and Co-founder of Goama said: “Innovation is at the core of our mission. We are excited to team up with RedFox and bring NFTs as tournament prizes for the first time in Myanmar! This is the first of many innovations we have in plan for our casual eSports platform on leading Superapps throughout Southeast Asia.
“We’re proud to have created RFOX Run, which we know our users are going to love playing and chasing top spot on the leaderboard!
Wayne further adds “We look forward to a successful and long partnership with RedFOX and extending the relationship across our entire footprint.”
About RedFOX Labs
RedFOX Labs is a Southeast Asian venture builder, that identifies and builds successful business models for the region’s emerging markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy through the use of emerging technologies such as blockchain. As a company, its value is tradable through its native token ($RFOX). Subscribe here.
Goama is a leader in platform gamification, setting the benchmark in digital innovation and user engagement, working with some of the world’s biggest superapps and brands. Its turnkey solution offers a plug and play platform that creates unique gamified experiences that empower its business partners to build engaged communities. Goama has partnerships with the leading apps across 24+ countries to help them drive user engagement, increase monetization opportunities, and acquire new users.
Geneva, Switzerland, August 30, 2021 — Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, lists today on Changelly PRO, 30 August 3 PM UTC. $wLITI pairs with BTC and USDT are now available for trading.
This comes less than a week after listing on Bitcoin.com Exchange and less than two weeks on HitBTC. The Changelly PRO team has expressed their warm welcome to the litigation financing token.
“We are happy to welcome $wLITI to our big family of carefully curated cryptocurrencies and hope that our users will gain maximum benefits from this collaboration. We are proud to partner with a company that provides financial resources, strategic solutions and renowned connections to the best law firms worldwide to help plaintiffs obtain court awards for damages or losses they have suffered,” says the Changelly PRO spokesperson.
Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, is making waves in traditional investing by bringing litigation financing to the masses, an investment practice traditionally monopolized by hedge fund heavyweights and elite investors.
Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.
“We appreciate the amazing support that established exchanges such as Changelly PRO have shown for our $wLITI token. With high profile projects in the blockchain and decentralized finance spaces finally attracting mainstream interest, we are excited to explore the possibilities for $wLITI as a wrapped version of an equity token that offers regular people the chance to invest in an asset class that previously wasn’t available to them,” says Liti Capital CEO Jonas Rey.
wLITI is an ERC-20 wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on centralized exchanges (CEXes) like Changelly PRO, and also on DEXes, whereas the LITI token is only available through liticapital.com after meeting KYC requirements.
Liti Capital uses the blockchain to manage its share registry. Development of its own blockchain-based case management tools is on its roadmap.
wLITI can be exchanged for LITI at a token buyer’s request via Liti Capital’s app or website, which converts LITI to wLITI at a 1:5000 ratio and vice versa. The tokens will always maintain this ratio. The buyer is then able to trade their wLITI freely. Liti Capital does not directly sell wLITI.
LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. LITI is purposely not designed to be on exchanges at this time.
Both tokens represent Liti Capital, whose mantra is “Private Equity for All.” Liti Capital works exclusively in a single form of private equity — Litigation Finance, also called third party funding. This asset class has remained almost entirely exclusive to hedge funds and venture capitalists since its inception several decades ago. Litigation Finance is the practice of financing all or part of a legal case on behalf of a plaintiff for an agreed upon percentage of the court award.
Once Liti Capital purchases a portion of ownership of a case, it provides capital that can be used in many ways: legal fees, case management and strategy, expert witnesses, intelligence work and whatever else is needed to give the plaintiff the best chance of winning the case and collecting the award. The portion owned by Liti Capital becomes a “litigation asset” that backs the LITI token.
On 19 August 2021, Liti Capital announced that it was funding a claim against Binance, which would enable affected individuals to pursue compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one hundred million dollars.
Listing Details
Trading Opening: Aug. 30, 2021 3 PM UTC
Trading Pairs: wLITI/BTC | wLITI/USDT
About Liti Capital
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.
Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.
For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.
Liti Capital Official Channels
Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Medium: https://medium.com/@liticapital
Liti Capital Reddit: https://www.reddit.com/r/liticapital
About Changelly
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via the Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. Changelly PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
